SPACE

Space World Capital (brand name SPACE) is a brokerage firm established on May 6, 2024, with a registered address at 1603, Opal Tower, Burj Khalifa Blvd, Business Bay, Dubai, UAE. The company is registered in Comoros, a jurisdiction known for minimal regulatory oversight for financial services firms. It presents itself as a multi-asset broker offering access to forex, stocks, metals, and indices.

Despite its recent founding, the broker has already established a presence on social media platforms including Facebook, Instagram, and YouTube. However, it explicitly states that it does not provide services to residents from certain areas, though the specific restricted countries are not detailed in the available information.

A critical point for potential clients is that Space World Capital does not hold any known regulatory licence from a recognised financial authority. Our records show no regulators on file for this entity. The registration in Comoros does not imply oversight by a credible financial regulator, and the broker does not claim to be regulated by any other body.

This lack of regulation means that traders have no access to investor compensation schemes, dispute resolution mechanisms, or independent oversight. It also raises concerns about the safety of client funds and the integrity of trading conditions. For risk-averse traders, this absence is a significant red flag.

The broker offers six distinct account tiers: Bronze, Silver, Gold, Diamond, White Gold, and ECN. Each account has a minimum deposit requirement; Bronze and ECN accounts require a higher minimum of $5,000, while the other accounts have a lower entry point of $100. All accounts reportedly offer the same maximum leverage of 1:500.

The range of account types suggests an attempt to cater to different trader profiles, from newcomers to high-volume professionals. However, the lack of detailed information on spreads, commissions, or other trading conditions makes it difficult to assess the true cost of trading with each account tier. Traders would need to contact the broker directly or rely on limited promotional materials.

Space World Capital states that it provides the MetaTrader 5 (MT5) platform for trading. MT5 is a widely-used platform known for advanced charting tools, automated trading capabilities, and support for multiple asset classes. The broker claims to offer coverage of forex, stocks, metals, and indices, though a precise list of instruments is not provided.

The use of a reputable platform like MT5 is a positive aspect, as it provides a familiar environment for many traders. However, without transparency on the number of currency pairs, stock CFDs, or other instruments available, traders cannot fully evaluate the offering. The broker's website may provide more detail, but this information was not independently verified.

Space World Capital appears to target retail traders seeking high leverage and multiple account types. The availability of accounts with a $100 minimum deposit makes it accessible to smaller investors, while the ECN and Bronze accounts with $5,000 minimums are aimed at more serious traders. The 1:500 leverage is aggressive and may appeal to those looking for significant exposure.

However, the unregulated nature of the broker makes it unsuitable for traders who prioritise safety and regulatory protection. It also may not be appropriate for traders from jurisdictions where the broker does not operate or where local regulations prohibit dealing with unregistered firms. Overall, the broker seems designed for risk-tolerant individuals who are comfortable with a high level of uncertainty.